Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1887-12-08
Total. OBSERVATION-DISCLOSURES, ,1se. .l42 900

Total. ....sss....... I'D, LOO, I4z,UUU
To get at the actual profit made In
manufacturing this enormous product,
we must add the wages paid and the
cost of materials used together and de-
duct the sum frorn the value Of the
gross product. The aggregate wages
paid was $605. 600 900; the cost Of mate.
rial used was 81 ,975, ,0O0, ,O00-making
together So, $50 ,OOO, 900. Take this from
the gross product ($3. 1886. 142. .0O0) and
we have S606 142. 900 as the net profit
which is 35 per cent. on the gross capi-
tai invested. The profits Of manufact-
urins in the industrial states, there.
fore, double the capital employed in
making them once every three years.
In 1882 there were 2,S4s 900 deposit
ors in saving banks In the nine indus
trial states, and their total deposits
were 81 ,O29 ,O00, 900. an average of over
$3.50 to each deposition. This does not
include the number of depositors, to-
gether with the sums on deposit In the
other banks-which, if added, would
double the aggregate sGm on deposit.
The only agricultural states that show
any savings bank deposits worth con-
sidering are Ohio, Maryland, Indiana,
Minnesota and Calif,rnia-and it is
instructive to observe that the prosper
Gus little manufacturing state of Rhode
Island has more than four times as
much money on deposit as the great
agricultural state OF Ohio, and twenty
times as much as Indiana--the figures
for the three states being: Rhode
Island, SOL ,O79, 900; Ohio, $12, sos, COO;
Indiana, S2,17I 900. The little manu-
featuring state OF New Hampshire has
($43 S27. .O00) more than the six agricul-
tural states, Ohio, Indiana, illinois.
Wisconsin, Minnesota and Iowa; and
the single state of Massachusetts has
(S275, 900 ,O00) more than all the twenty
nine agricultural states put together.
And even these figures do not fully
exhibit the enormous wealth of the
favored nine manufacturing states.
The prosperous people Of Vermont
have increased their deposits in wing
banks in the last two years from SILL
723 900 tn SIS, ,5S7 900; and two small
towns, Weathersfieid and Springfield,
have nearly ST 100000 in Western
mortgages. The state of New Hamp-
shire holds $35. 600 900 in Western
mortgages, and the aggregate amount
which the nine manufacturing states
hold i'll Western property mortgages
farms, town and city real estate, rail-
roads, and telegraphs, is probably not
less than 81 l,50O.0 200, 900. The latest
agricultural bureau report states that
so per cent. of the farms i'm Kansas are
mortgaged to Eastern money lenders
which means that one-third of the
entire taxable property in the state
$500, ,000. .000) is owned in the Eastern
manufacturing states. The report es-
Inmates that about 25 per cent. Of the
farms in other Western states are uu-
der mortgage, mostly Eastern money
lenders.
The annual profit in farming In the
agricultural states is estimated at the
low rate OF IL per cent. But the an
nual profit in manufacturing In the
nine industrial states, as shown above,
IS 80 per oent.--or it was that in 1880,
and it Is these enormous profits that fill
the savings banks of these states with
deposits, and enable them to own an
| aggregate interest of 81 900, 900 900 In
the property of the West.
No Western man envies the manu-
featuring states their wealth, but what
show of justice is there in bleeding
twenty-nine states Of the Union to
swell the veins of nine states-in tax
| ing the agricultural interest which
| barely earns 1-2 per cent. on It's capt.
| tai for the enrichment OF the manufact-
uring interest which earns S5 per cent.
l-Repubtican.